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Santee Cooper Board approves 2016 Budget



12/07/2015


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MONCKS CORNER, S.C. – The Santee Cooper Board of Directors approved a $2.7 billion budget for 2016 today at its regular monthly meeting. The board also approved the 2017 and 2018 budgets for planning purposes.

The 2016 budget includes $1.8 billion for the electric system, $8.3 million for the water systems and $911.4 million for capital expenditures. Approximately 43% of the $1.8 billion electric system budget is allocated for fuel and purchased power. 

The $911.4 million for construction and capital equipment expenditures includes:

  • $643.2 million for construction of new nuclear generating units
  • $70.7 million for renewable generation and environmental control improvements
  • $197.5 million for the transmission and distribution systems and system-wide improvements

 

Santee Cooper is South Carolina's largest power provider, the largest Green Power generator and the ultimate source of electricity for 2 million people across the state. Through its low-cost, reliable and environmentally responsible electricity and water services, and through innovative partnerships and initiatives that attract and retain industry and jobs, Santee Cooper powers South Carolina. To learn more, visit www.santeecooper.com